Friday, June 15, 2012

Rent Disenchantment

Is it time to start thinking about
owning a home? Shelter-seekers in Northern California often choose to rent, but
there is some debate about whether or not renting is actually the best
financial option. Spoiler Alert: Real estate professionals tend to think buying
is the answer. Here are a few places where you can follow the discussion, look
at the numbers, and decide for yourself if renting or buying is the right
choice for you.

According
to “You’re Making
Your Landlord Rich” by David Cross, California renters tend to spend more each month than
homeowners. To bring it even closer to home, he reports that “Alameda County
renters pay an additional $332/month.”